Updated Duplex on Corner
For Sale
$218,400
971 Chalmers Ave, San Antonio, TX 78211
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,592 SF
Lot Size0.29 Acres
Price / SF$137.19
Days on Market44
Property Features for 971 Chalmers Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5
Elementary school
Stonewall Elementary
Middle school
Leal
High school
Harlandale
Elementary school district
Harlandale I.S.D
Middle school district
Harlandale I.S.D
High school district
Harlandale I.S.D
Subdivision
2200
Standard status
Active
Size
1,592 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
4691
Utilities
Cooling system
Central Air
Building Details
Year built
1947
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Tyler Moore
(888) 519-7431
Added: Jul 18
Changed: Aug 19
Last Checked: Aug 30 at 12:06AM
MLS# 1966744
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated duplex offers a flexible layout with functional interiors and two separate units. One unit is currently tenant occupied for immediate rental income, while the second unit is vacant and ready for an owner occupant or additional tenant. Improvements include updated plumbing, sewer, and electrical work, along with a Ring security system. Foundation/plumbing work and related warranty information are available.
The property is located at 971 Chalmers Ave in San Antonio, TX 78211, on a spacious 0.29-acre corner lot with mature trees. The corner placement supports accessibility and curb appeal, and the large lot provides outdoor space and ample parking.
Zoned R-5, the duplex is positioned near shopping, dining, schools, and major roadways, supporting practical day-to-day convenience for occupants.
The property is located at 971 Chalmers Ave in San Antonio, TX 78211, on a spacious 0.29-acre corner lot with mature trees. The corner placement supports accessibility and curb appeal, and the large lot provides outdoor space and ample parking.
Zoned R-5, the duplex is positioned near shopping, dining, schools, and major roadways, supporting practical day-to-day convenience for occupants.
Key Highlights
- Updated duplex built in 1947 in the Harlandale NW area of San Antonio.
- 0.29‑acre corner lot with mature trees and outdoor space.
- One unit tenant occupied for immediate rental income; second unit vacant and ready for occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,480
$366.5K
Cap Rate 7%
$261,771
$261.8K
Cap Rate 9%
$203,600
$203.6K
Market Conditions
NOI Build-Up for 1,592 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.7K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$26.2K $16.44/SF
− OpEx
−$7.9K −$4.93/SF
NOI
$18.3K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,480
Cap Rate 7%
$261,771
Cap Rate 9%
$203,600
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.4K
NOI $18,324 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$232.3K
$203.3K – $271.0K
NOI $16,262 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$406.1K
$355.3K – $473.8K
NOI $28,426 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with one tenant-occupied unit and one vacant unit on a corner lot with mature trees.
Where is this duplex located?
The property is located at 971 Chalmers Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $218,400.
What are key features of this property?
This property features: Updated duplex built in 1947 in the Harlandale NW area of San Antonio.; 0.29‑acre corner lot with mature trees and outdoor space.; One unit tenant occupied for immediate rental income; second unit vacant and ready for occupancy.
